Thread: With top companies facing investigation, wrangling over anti-bribery law rages on

Imagine that American Corps and banks dont like a law that limits their dirty deals...so what do they do...lobby politicians to change it for them....and far right Conservatives keep telling me that I should JUST LOVE THEM ..sorry I love the little guys who never get a break.


The tough U.S. anti-bribery law that Walmart may have violated in Mexico has ensnared leading companies from virtually every sector of the economy, as federal prosecutors increasingly punish firms for transgressions ranging from giving foreign officials computers and shopping bags of cash to improperly accounting for such expenditures in company records.

The list of those facing federal bribery inquiries stretches well beyond 100 and includes household names such as Pfizer, 3M, Goldman Sachs and Alcoa. Even icons of corporate responsibility like General Electric and IBM have paid hefty sums to settle allegations, part of a broader effort that has netted the government billions in fines in recent years and landed some executives in prison.

Corporate America has mounted a well-funded lobbying campaign in recent years to persuade Congress to make changes to the law, known as the Foreign Corrupt Practices Act of 1977. That effort now appears stalled amid the outcry over allegations that Wal-Mart engaged in rampant bribery of officials in Mexico.



With top companies facing investigation, wrangling over anti-bribery law rages on - The Washington Post

I mean if they're really going to go after this, they will kick up a massive ****-storm. This sort of behavior, essentially buying legislation, has been going on for a long long time and it has been rewarded through action of Congress.

Of course they are! They've virtually written their own laws for decades. This is what happens when kissing corporate ass is an economic policy.

Originally Posted by iliveonramen

Of course they are! They've virtually written their own laws for decades. This is what happens when kissing corporate ass is an economic policy.

Well said....now they want the right to buy other govts...lol...

Originally Posted by iliveonramen

Of course they are! They've virtually written their own laws for decades. This is what happens when kissing corporate ass is an economic policy.

Good ol' corporatism.

I won't hold my breath on a fix either.